For undergraduate courses in Intermediate Macroeconomics and Macroeconomics for Management courses at the undergraduate or MBA level. Designed for courses that present modern macroeconomics with a policy emphasis.

The authors recognize that the economy is a complex system and that economists do not have all the answers; basic economic models do not hold true under all circumstances. The text provides students with a framework for discussing complicated questions and the tools to think about models and the economy in the way that macroeconomists and policy makers do. Theory is developed as needed to understand policy, rather than presenting theory first and then adding policy, and is presented with a minimum of technical detail. The authors present modern macroeconomic concepts and issues in a lively, accessible and entertaining style. Features

Unique Chapter 4--Explains the differences between long run and short run macro policy in one chapter as opposed to splitting this coverage up over several chapters.

Makes it easier for students to understand the differences between long run and short run policy early, as opposed to scattered over several chapters.

Growth is covered early in the text, with a complete treatment, including an in-depth discussion of policy implications, and coverage of technology issues in Chapter 6.

Helps students understand modern long run growth issues and their policy implications.

International material (Chapters 7 and 10) has an emphasis on explaining macro concepts for large, open economies as opposed to just covering small, open economies.

To fully understand large, open economies, students need to understand international economics.

An overarching orientation to explain policy implications for the student--Every chapter, except for Chapters 1 and 15, contains a "Policy Perspective" section that explains real-world policy issues, debates, and events in relation to the chapter material. In addition, the text includes separate chapters on monetary and fiscal policy (Chapters 13 and 14) and a capstone Chapter 15, which examines key macroeconomic issues using policy tools.

Understanding policy decisions in the U.S. economy is a critical skill for students to master. This book's emphasis on understanding policy, rather than analyzing theory, accomplishes this goal.

Key economic models--Explained in greater depth in several appendices.

Enables instructors to cover more technical aspects of economic models.

Author Bio

Colander, David : Middlebury College

Gamber, Edward : Lafayette College

I. INTRODUCTION TO INTERMEDIATE MACROECONOMICS.

1. Introduction. 2. Measuring the Economy. 3. Grappling with Inflation, Unemployment, and Growth. 4. Understanding Policy for the Long Run and the Short Run.

8. The Determination of Output in the Short Run. 9. Policy Analysis with the IS/LM Model. 10. Short-run Fluctuations in an Open Economy. 11. Aggregate Supply and Aggregate Demand. 12. Microfoundations of Consumption and Investment.

IV. THE NUTS AND BOLTS OF MACROECONOMIC POLICY.

13. The Nuts and Bolts of Monetary Policy. 14. The Nuts and Bolts of Fiscal Policy.

For undergraduate courses in Intermediate Macroeconomics and Macroeconomics for Management courses at the undergraduate or MBA level. Designed for courses that present modern macroeconomics with a policy emphasis.

The authors recognize that the economy is a complex system and that economists do not have all the answers; basic economic models do not hold true under all circumstances. The text provides students with a framework for discussing complicated questions and the tools to think about models and the economy in the way that macroeconomists and policy makers do. Theory is developed as needed to understand policy, rather than presenting theory first and then adding policy, and is presented with a minimum of technical detail. The authors present modern macroeconomic concepts and issues in a lively, accessible and entertaining style. Features

Unique Chapter 4--Explains the differences between long run and short run macro policy in one chapter as opposed to splitting this coverage up over several chapters.

Makes it easier for students to understand the differences between long run and short run policy early, as opposed to scattered over several chapters.

Growth is covered early in the text, with a complete treatment, including an in-depth discussion of policy implications, and coverage of technology issues in Chapter 6.

Helps students understand modern long run growth issues and their policy implications.

International material (Chapters 7 and 10) has an emphasis on explaining macro concepts for large, open economies as opposed to just covering small, open economies.

To fully understand large, open economies, students need to understand international economics.

An overarching orientation to explain policy implications for the student--Every chapter, except for Chapters 1 and 15, contains a "Policy Perspective" section that explains real-world policy issues, debates, and events in relation to the chapter material. In addition, the text includes separate chapters on monetary and fiscal policy (Chapters 13 and 14) and a capstone Chapter 15, which examines key macroeconomic issues using policy tools.

Understanding policy decisions in the U.S. economy is a critical skill for students to master. This book's emphasis on understanding policy, rather than analyzing theory, accomplishes this goal.

Key economic models--Explained in greater depth in several appendices.

Enables instructors to cover more technical aspects of economic models.

Author Bio

Colander, David : Middlebury College

Gamber, Edward : Lafayette College

Table of Contents

I. INTRODUCTION TO INTERMEDIATE MACROECONOMICS.

1. Introduction. 2. Measuring the Economy. 3. Grappling with Inflation, Unemployment, and Growth. 4. Understanding Policy for the Long Run and the Short Run.

8. The Determination of Output in the Short Run. 9. Policy Analysis with the IS/LM Model. 10. Short-run Fluctuations in an Open Economy. 11. Aggregate Supply and Aggregate Demand. 12. Microfoundations of Consumption and Investment.

IV. THE NUTS AND BOLTS OF MACROECONOMIC POLICY.

13. The Nuts and Bolts of Monetary Policy. 14. The Nuts and Bolts of Fiscal Policy.